Austrian agency Asfinag won a big order book on Tuesday, allowing it to price 3bp tighter than guidance, in a 10 year tenor the issuer hasn't accessed since 2009. Municipality Finance and the German federal state of Lower Saxony will add to the euro SSA supply on Wednesday with a 10 year green bond and a seven year benchmark, respectively.
Following Asfinag's mandate announcement on Monday, leads Crédit Agricole, Goldman Sachs, JP Morgan and UniCredit opened the books on a €600m no-grow 10 year bond with guidance of mid-swaps minus 1bp area.
With the books at over €1.75bn, the guidance was revised to minus
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.